There's a general consensus that, if you buy property at the low point of the market and sell when prices rise, you'll definitely make money. But this tends to ignore how individualistic property assets can be. Unlike, say, dollars or gold, one unit of property is not interchangeable with another. So even in cases where someone bought in a market.
Despite the big losses that we wrote about from those who bought in 2017, the reality is that the majority of people who bought back then would be really happy with their decision. Just look at the tables of losses versus gains and you'll understand why. It's not surprising that we've seen condos with huge gains this year a.